On 17 September 2016, the Tunisian parliament approved a new Investment Code that replaces the Code issued in 1993. Work on the new Code has been ongoing for several years in order to attract increased foreign investment. Some of the main features of the new Code include:
- A 10-year tax holiday for major projects;
- Increased flexibility for foreign investors to transfer funds, including the repatriation of profits;
- The establishment of the Investment Authority, which will act as the single poi…